EFRAG and TISFD announce signing Cooperation Agreement
EFRAG and TISFD announce signing Cooperation Agreement
EFRAG and the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) Secretariat have signed a cooperation agreement with the purpose of advancing the development and adoption of social-related financial disclosures. By aligning efforts, EFRAG and TISFD plan to work together in order to support market readiness as well as to scale implementation of inequality and social-related financial disclosures using each organisation’s unique expertise in sustainability and corporate reporting.
Main objectives of the agreement include:
Main objectives of the agreement include:
- Technical alignment to ensure consistency between EFRAG’s EU Sustainability Reporting Standards (ESRS) and TISFD’s global framework.
- Implementation support to co-develop webinars, guidance materials, and tools to assist companies in disclosing inequality and social-related data.
- Joint communications to ensure joint messaging that aligns with their shared mission, while maintaining their independence.